Introduction to Risk Management and Insurance

Catalog description

This course introduces risk management and insurance and provides an overall approach to risk management, including risk identification and analysis, risk evaluation, and approaches to risk treatment and mitigation, with particular emphasis on the use of insurance to treat and mitigate risks. The course will cover the importance of managing risks across the enterprise, the benefits of effective enterprise risk management, loss forecasting, and financial analysis in risk management decisioning. The course will examine the basic characteristics of insurance, the types and forms of insurance that are available covering individuals and commercial enterprises, and the benefits of and costs of insurance to society. The course also covers insurance delivery systems and introduces insurance company operations. Legal principles related to insurance, government regulation of insurance, and insurance contracts will also be examined.